Electric Vehicles Can Now Power Homes and Grids in Australia

Australian electric vehicle owners can now use their car batteries to power their homes and feed electricity back into the grid thanks to new technology being installed by two major electricity retailers. This development provides cheaper power bills for customers and helps stabilize the electricity grid, with electric vehicle batteries estimated to be worth up to $2200 a year.

Retailers Adopting the Technology

Origin Energy and AGL have partnered with EV charging suppliers, offering customers smart chargers that enable two-way power flows. This allows energy to flow into the vehicle and back into the home and grid as needed. The system also utilizes a timer to ensure vehicle batteries are charged during off-peak times, saving on costs.

Potential Impact on Energy Markets

This innovation has the potential to shake up the energy market as electric vehicle owners could see significant savings on their power bills. If the technology is widely adopted, it could also contribute to the stability of the electricity grid, providing benefits for the energy industry and consumers alike.

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